Hey All,
I have started a new project or you can say set a new GOAL for myself where I indented to build my HIVE POWER aka HP stake here on Hive Blockchain. In a nutshell, I am exchanging Hive for Hive Power which is called "Powering Up" or "Staking". As we all know the more stake or HP you have the more influence you have or you can say that your account gets special benefits on the Hive Blockchain which are as follows and are not restricted to these pointers::
- More voting power and higher rewards for curating content
- More credits to do transactions on the Hive Blockchain
- More influence in Hive governance to support witnesses and projects
Also let me remind you that Hive Power increases at an APR of approximately 3.03% and this value is subjective to Hive Blockchain variance. So even if you don't perform any action on the chain and you have HIVE POWER staked your account will keep accumulating HP at an APR of above 3% that's pretty nice isn't it?
Add 100 #HP every 5 Days - My Strategy Ahead...
Well i have been tracking this goal of building my account with HIVE POWER since 10th June 21:30 PM IST; and as you can see from the above image, I had closed to 79103.175 HP and almost after two days still have a couple of hours to go before I can say 2 days are completed, this is my current stake;
with 79,143.908 HP an increase of close to 40 Hive Power. Let me tell you that this includes:: curation and author rewards along with the passive #HIVE income streams that I created here on the platform along with the mentioned hive power increasing at an APR of above 3% and so far its all going good. On an average its 20 #HIVE powered up daily; hence if I am consistent then every 5 days I should be able to hit the target of powering up 100 HIVE. Not that bad at all. I will tracking this GOAL for a month and if all goes as planned then maybe will plan to increase the GOAL to hit 150 HP every 5 days; the ultimate GOAL for HIVE POWER is get to the point of having 100K+ HP.. lets see how things churn out in near future... Hopefully things would move in the right direction and I am optimistic that I will take good advantage of it that would ultimately benefit me to further build my #hive stake with more HIVE POWER at my dispersal... #hive to the moon soooon.... cheers
Have Your Say on #HIVE POWER - #HBD - HODL Vs SELL?
#hive #hivepower #hp #staking #goal #hodl #crypto #investment
Selling Vs HOLD #HIVE? Are you building your stake here on the HIVE platform? What are your thoughts in general for HIVE Power and HBD in savings? Are you stacking up HBD or converting HBD to HIVE? What's your overall strategy for HBD looking like? What are your general thought around the platform #HIVE? Please let me know in the comment section below...
Project HIVE POWER can I Add 100 #HP every 5 Days - My Strategy Ahead...
Image Courtesy:: pro canva, coingecko, peakd, hivehub.dev
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers